His job is to be the cheerleader for the country... just as he was in college.

Most politicians try to make everything sound better than they are, thats their job. Furthermore, if things are bad, they are partly the blame because their voting on the legislation that affects the businesses. If he admitted that several of these financial firms might become bankrupt, their could be a nation-wide run on the banks. Why cause panic for the Joe 6-pack? Let them watch their tv and eat McDonalds all day.